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(Nonannual compounding using a calculator) Bowflex's television ads say you can get a fitness machine that...
only questions 19 and 21. please show all steps 19. You lend a friend $10,000 for...
only questions 19 and 21. please show all steps
19. You lend a friend $10,000 for which your friend will repay you $27,027 at the end of 5 years. What interest rate are you charging your "friend"? 20. (Nonannual compounding using a calculator) Bowflex's television ads say you can get a fitness machine that sells for $999 for $33 a month for 36 months. What rate of interest are you paying on this Bowflex loan? i= 11,627 21. One bank...
Nonannual compounding using a calculator) Jesse Pinkman is thinking about trading cars. He estimates he will...
Nonannual compounding using a calculator) Jesse Pinkman is thinking about trading cars. He estimates he will still have to borrow $34 comma 000 to pay for his new car. How large will Jesse's monthly car loan payment be if he can get a 6-year (72 equal monthly payments) car loan from the university's credit union at an APR of 7.5 percent compounded monthly? Jesse's monthly car loan payment will be $
Bowflex's television commercials advertise their fitness machine that sells for $999. However, Bowflex offers customers a...
Bowflex's television commercials advertise their fitness machine that sells for $999. However, Bowflex offers customers a plan to pay $33 a month for 36 months instead. What APR is this for the extended payment arrangement? Round your answer to 2 decimal places. 33.33% 11.64% ..97% 24.45%
(Nonannual compounding using a calculator) Prof. Finance is thinking about trading cars. He estimates he will...
(Nonannual compounding using a calculator) Prof. Finance is thinking about trading cars. He estimates he will still have to borrow $30,000 to pay for his new car How large will Prof. Finance's monthly car loan payment be if he can get a 7-year (84 equal monthly payments) car loan from the university's credit union at 9.8 percent? Prof. Finance's monthly car loan payment will be $_______ (Round to the nearest cent.)
WICHT (Simal 10) IE Question Help (Nonannual compounding using a calculator) Hank Schrader plans to invest...
WICHT (Simal 10) IE Question Help (Nonannual compounding using a calculator) Hank Schrader plans to invest $320 at the end of each month for 3 years into an account with an APR of 10.6 percent compounded monthly. He will use this money as a down payment on a new home at the end of the 3 years. How large will his down payment be 3 years from today? After 3 years, Hank will have (Round to the nearest cent)
Jesse Pinkman is thinking about trading Cars.
(Nonannual compounding using a calculator) Jesse Pinkman is thinking about trading Cars. He estimates he will still have to borrow $21,000 to pay for his new car. How large will Jesse's monthly car loan payment be if he can get a 2-year (24 equal monthly payments) car loan from the university's creat union at an APR of 6.9 percent compounded month? Jesse's monthly car loan payment will be $ _______ (Round to the nearest cent)
In an article in the Joumal of Adverdising, Weinberger and Spotts compare the use of humor in television ads in the...
In an article in the Joumal of Adverdising, Weinberger and Spotts compare the use of humor in television ads in the United States and in the United Kinadom. Suppose that independent random samples of teilevision ads are taken in the two countries. A random sample of 400 television ads in the United Kingdom reveals that 140 use humor, while a random sample of 500 television ads in the United Stanes reveals that 128se humor (a) Set up the null and...
Say that you purchase a house for $264,000 by getting a mortgage for $230,000 and paying...
Say that you purchase a house for $264,000 by getting a mortgage for $230,000 and paying a down paymegt of $34,000. If you get a 20-year mortgage with an interest rate of 6 percent, what are the monthly payments? (Round your finel answer to 2 decimal places.) Рaуment What would the loan balance be in five years? (Use a payment value rounded to 2 decimal places. Round your final answer to 2 decimal places.) Loan balance If the house appreciates...
How would you put this in a financial calculator to get the interest rate
How would you put this in a financial calculator to get the interest rate?This question illustrates what somewhat unscrupulous lender. You want to borrow $29,000 for one year. The interest rate is 19.5 percent. You lender agree that the interest on the loan will be .195x $29,000 $5,655. So, the lender deducts this interest amount from the loan up front and gives you $23,345. In this case, we say that the discount is known as discount interest. Imagine you are...
You want to borrow $90,000 from your local bank to buy a new sailboat. You can...
You want to borrow $90,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,700, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR loan? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) interest rate %
only questions 19 and 21. please show all steps
19. You lend a friend $10,000 for which your friend will repay you $27,027 at the end of 5 years. What interest rate are you charging your "friend"? 20. (Nonannual compounding using a calculator) Bowflex's television ads say you can get a fitness machine that sells for $999 for $33 a month for 36 months. What rate of interest are you paying on this Bowflex loan? i= 11,627 21. One bank...
Bowflex's television commercials advertise their fitness machine that sells for $999. However, Bowflex offers customers a plan to pay $33 a month for 36 months instead. What APR is this for the extended payment arrangement? Round your answer to 2 decimal places. 33.33% 11.64% ..97% 24.45%
WICHT (Simal 10) IE Question Help (Nonannual compounding using a calculator) Hank Schrader plans to invest $320 at the end of each month for 3 years into an account with an APR of 10.6 percent compounded monthly. He will use this money as a down payment on a new home at the end of the 3 years. How large will his down payment be 3 years from today? After 3 years, Hank will have (Round to the nearest cent)
In an article in the Joumal of Adverdising, Weinberger and Spotts compare the use of humor in television ads in the United States and in the United Kinadom. Suppose that independent random samples of teilevision ads are taken in the two countries. A random sample of 400 television ads in the United Kingdom reveals that 140 use humor, while a random sample of 500 television ads in the United Stanes reveals that 128se humor (a) Set up the null and...
Say that you purchase a house for $264,000 by getting a mortgage for $230,000 and paying a down paymegt of $34,000. If you get a 20-year mortgage with an interest rate of 6 percent, what are the monthly payments? (Round your finel answer to 2 decimal places.) Рaуment What would the loan balance be in five years? (Use a payment value rounded to 2 decimal places. Round your final answer to 2 decimal places.) Loan balance If the house appreciates...
You want to borrow $90,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,700, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR loan? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) interest rate %
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